Funding round
Monogram Health Growth
Reported as "Growth Equity"
Monogram Health, which works in specialty chronic condition care delivery in Brentwood, raised $375M in a Growth round announced on 9 Jan 2023, led by TPG. 10 firms took part. It is Monogram Health's third venture round on record; the one before was a Series B in Jun 2021.
$375M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Monogram Health did not disclose a valuation in this round. It came 19 months after Monogram Health's Series B. It is 69% of the $542M Monogram Health has raised in the venture rounds on record. No later venture round is on record for Monogram Health.
Investors
Who put money in
TPG led the round with 9 other firms.
Lead investor
- TPG backs 114 venture-backed companies new investor
Also in the round
- backs 24 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
- CVS Health new investor
- backs 20 venture-backed companies new investor
- Humana new investor
- Memorial Hermann Health System new investor
- SCAN new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Growth rounds in Home Health Care within a year either side disclosed an amount; the median was $140M, and this round was 2.7 times the median. The closest in time, other companies' Growth rounds in Home Health Care:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 14 Feb 2023 | undisclosed | not disclosed | not named |
| DispatchHealth Home Health Care | 23 Nov 2022 | $259M | not disclosed | Optum Ventures |
| Home Health Care | 6 Oct 2022 | undisclosed | not disclosed | Pacific Lake |
| Home Health Care | 4 Aug 2022 | $320M | not disclosed | Kairos HQ |
| Home Health Care | 12 Jul 2022 | undisclosed | not disclosed | not named |
| Home Health Care | 8 Jun 2022 | $140M | $1.00B | Oak HC/FT |
| Home Health Care | 10 Jan 2022 | $110M | $3.50B | Baxter International and Global Medical Response |
| Home Health Care | 31 Jan 2022 | $30M | not disclosed | Questa Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Monogram Health raise in its Growth round?
Monogram Health raised $375M in its Growth round, announced in Jan 2023.
Who led Monogram Health's Growth round?
TPG led it, with Frist Cressey Ventures, Heritage Group, Pura Vida, Norwest and CVS Health and 4 more.
What was Monogram Health's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Home Health Care?
5 Growth rounds in Home Health Care within a year either side disclosed an amount; the median was $140M, and this round was 2.7 times the median.